Seller's Agent in 2017
Jerome McAlpin
McAlpin & Company
(310) 902-8977
1 in this area
32 Total Sales
Estimated Value: $1,925,000 - $2,392,307
11
Beds
10
Baths
1,032
Sq Ft
$2,092/Sq Ft
Est. Value
About This Home
As of October 2017We are pleased to bring to market this cash flow opportunity in South Los Angeles. This nine unit apartment complex produces over $11,000 per month with very low expenses. There is an excellent unit mix of one - three bedroom house, seven - one bedroom apartments and one - single unit. The complex is situated on a very large lot containing over 18,000 square feet and faces both 110th and 111th Streets. The property is located just west of Vermont between Century and Imperial, in an area know as the County Strip. Because it is located in the County Strip it is not subject to rent control, and there are no annual SCEP inspections to deal with. The investment is being offered at an attractive 10.58 GRM and a 6.88 CAP rate. As of October 1st, the monthly income will be approximately $12,365 per month. Almost all units have approved increases from Section 8. So, the new GRM will be 10.41 and the new CAP will be higher as well. Please do not walk on property or disturb tenants.
Last Agent to Sell the Property
McAlpin & Company License #00939725 Listed on: 08/15/2017
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1949
Lot Details
- 0.41
Interior Spaces
- 1,032 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 11 Bedrooms
- 10 Bathrooms
Parking
- 10 Parking Spaces
- Uncovered Parking
Additional Features
- 18,009 Sq Ft Lot
- Heating System Mounted To A Wall or Window
Community Details
- 5 Buildings
- 9 Units
Listing and Financial Details
- Assessor Parcel Number 6076-013-016
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 15, 2017
Closed on
Oct 5, 2017
Sold by
Rama Real Estate Management Investments
Bought by
Monark Lp
Seller's Agent
Jerome McAlpin
McAlpin & Company
Buyer's Agent
Jerome McAlpin
McAlpin & Company
List Price
$1,400,000
Sold Price
$1,485,000
Premium/Discount to List
$85,000
6.07%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$673,654
Avg. Annual Appreciation
4.55%
Purchase Details
Closed on
Aug 16, 2011
Sold by
Hernandez Miguel A
Bought by
Rama Real Estate Management Investments
Purchase Details
Closed on
Jun 7, 2007
Sold by
Hernandez Alma
Bought by
Hernandez Miguel A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,250
Interest Rate
6.26%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 20, 2004
Sold by
Hernandez Miguel A
Bought by
Hernandez Alma
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
5.39%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 22, 2001
Sold by
Padilla Jose C and Padilla Maria Inez
Bought by
Hernandez Miguel A and Hernandez Alma
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.62%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 4, 1998
Sold by
L And B Real Estate
Bought by
Padilla Jose C and Padilla Maria Inez
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$19,000
Interest Rate
7.18%
Mortgage Type
Seller Take Back
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Monark Lp | $1,485,000 | 0Ld Republic Title Company | |
| Rama Real Estate Management Investments | -- | None Available | |
| Hernandez Miguel A | -- | Investors Title Company | |
| Hernandez Alma | -- | -- | |
| Hernandez Miguel A | $290,000 | South Coast Title | |
| Padilla Jose C | -- | First Southwestern Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Hernandez Miguel A | $656,250 | |
| Previous Owner | Hernandez Alma | $490,000 | |
| Previous Owner | Hernandez Miguel A | $280,000 | |
| Previous Owner | Padilla Jose C | $19,000 | |
| Closed | Hernandez Miguel A | $30,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/31/2017 10/31/17 | Sold | $1,485,000 | -3.9% | $1,439 / Sq Ft |
| 09/23/2017 09/23/17 | Pending | -- | -- | -- |
| 08/19/2017 08/19/17 | Price Changed | $1,545,000 | +10.4% | $1,497 / Sq Ft |
| 08/15/2017 08/15/17 | For Sale | $1,400,000 | -- | $1,357 / Sq Ft |
Source: The MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $24,214 | $1,689,671 | $1,183,339 | $506,332 |
| 2024 | $24,214 | $1,656,541 | $1,160,137 | $496,404 |
| 2023 | $23,334 | $1,624,061 | $1,137,390 | $486,671 |
| 2022 | $22,331 | $1,592,218 | $1,115,089 | $477,129 |
| 2021 | $22,136 | $1,560,999 | $1,093,225 | $467,774 |
| 2020 | $22,298 | $1,544,994 | $1,082,016 | $462,978 |
| 2019 | $21,518 | $1,514,700 | $1,060,800 | $453,900 |
| 2018 | $21,131 | $1,485,000 | $1,040,000 | $445,000 |
| 2016 | $15,347 | $1,015,250 | $609,150 | $406,100 |
| 2015 | $7,623 | $356,456 | $184,374 | $172,082 |
| 2014 | $7,691 | $349,475 | $180,763 | $168,712 |
Source: Public Records
Agents Affiliated with this Home
-
Jerome McAlpin
Source: The MLS
MLS Number: 17-261312
APN: 6076-013-016
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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